Wednesday, February 8, 2023

Cuba and Germany reaffirm business relations

By on November 17, 2016

LA HABANA — Germany’s Parliamentary State Secretary at the Federal Ministry for Economic Affairs and Energy, Iris Gleicke, and a group of the country’s businessmen will explore business opportunities in La Habana on a forum organized on the occasion of their visit to Cuba.

The appointment included presentations regarding opportunities for the participation of foreign capital in Cuba, and three important sectors in the economy: recovering raw materials, renewable energy, and hydraulic resources, which referred approved policy and investor projections on those fields.

A Cuban flag is seen painted on a wall along the street Pope Francis is scheduled to drive through on in Holguin, Cuba. ( Joe Raedle / Getty Images)

(Joe Raedle / Getty Images)

The German vice minister expressed her country’s interest in taking advantage of Cuba’s potential for renewable energies, to aid the island’s development on this field by supplying technologies for clean productions that may supplement the ground’s demands. She also stated that German firms want to widen their exportation portfolio, and this event will generate trust among businessmen to strengthen both parties’ interests.

Secretary-General Omar Fernández, of Cuba’s Chamber of Commerce, said the increase in clean energy production will allow to modify the Cuban matrix, and occupies a predominant spot within the general strategy for the country’s development.

He noted that exchanges with German businessmen on the matter have been broadening and deepening sustainably. The Cuban official added that direct contact among businessmen is the best way to know one another and appreciate potentials that can allow to widen economic relations and conjoint businesses.

Fernández indicated that while German product quality and technology are highly renowned by importation businesses and the national industry, Germany occupies third place on Cuba’s commercial exchange with the European Union, preceded by Spain and Italy.

“This allows us to affirm that this nation is acknowledged as technological leader and motor of the European block, [but] it is below its potentials in exchange with Cuba,” he observed.

The forum included interventions from Germany’s Ambassador in Cuba, Thomas Karl Neisinger; German Trade and Investment Agency Director Benno Bunse; and Cuban directors and specialists related to commerce, investments, hydric resources and the recycling industry.

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